REG - Ocado Group PLC - Director/PDMR Shareholding
18/03/2022 12:30
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RNS Number : 3090F Ocado Group PLC 18 March 2022
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
18 March 2022
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that it had notification from its
PDMRs', in connection with their participation in the Ocado Annual Incentive
Plan ("AIP").
On 17 March 2022, the Ocado PDMRs' were granted awards under the AIP in the
form of nil-cost Options (the "Award") over such ordinary shares in the
Company.
The AIP was approved by Shareholders at the Company's Annual General Meeting
on 1 May 2019.
No payment is required for the grant of the AIP Award, or issue of the shares
on vesting. For these AIP Awards, the number of shares was determined based on
a price of 1,195.5004 pence per share, being the volume weighted average price
of a share for the three business days immediately before the Award Date.
A summary of the principal terms of the AIP are set out in the Notice of the
Annual General Meeting dated 5 February 2019.
Details of the Award are as set out below.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Tim Steiner
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ocado Group plc
b) LEI 213800LO8F61YB8MBC74
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 28 November 2021 is
deferred into shares for three years and is also subject to a two-year holding
period on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 49,128
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 49,128 £
0
.
0
0
e) Date of the transaction 17 March 2022
f) Place of the transaction Outside a regulated market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Mark Richardson
2 Reason for the notification
a) Position/status Chief Operations Officer
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ocado Group plc
b) LEI 213800LO8F61YB8MBC74
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 28 November 2021 is
deferred into shares for three years and is also subject to a two-year holding
period on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 23,245
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 23,245 £
0
.
0
0
e) Date of the transaction 17 March 2022
f) Place of the transaction Outside a regulated market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Neill Abrams
2 Reason for the notification
a) Position/status Group General Counsel and Company Secretary
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ocado Group plc
b) LEI 213800LO8F61YB8MBC74
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 28 November 2021 is
deferred into shares for three years and is also subject to a two-year holding
period on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 23,699
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 23,699 £
0
.
0
0
e) Date of the transaction 17 March 2022
f) Place of the transaction Outside a regulated market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Luke Jensen
2 Reason for the notification
a) Position/status CEO, Ocado Solutions
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ocado Group plc
b) LEI 213800LO8F61YB8MBC74
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 28 November 2021 is
deferred into shares for three years and is also subject to a two-year holding
period on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 22,896
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 22,896 £
0
.
0
0
e) Date of the transaction 17 March 2022
f) Place of the transaction Outside a regulated market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Stephen Daintith
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ocado Group plc
b) LEI 213800LO8F61YB8MBC74
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 28 November 2021 is
deferred into shares for three years and is also subject to a two-year holding
period on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 19,512
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 19,512 £
0
.
0
0
e) Date of the transaction 17 March 2022
f) Place of the transaction Outside a regulated market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name James Matthews
2 Reason for the notification
a) Position/status CEO, Ocado Technology
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ocado Group plc
b) LEI 213800LO8F61YB8MBC74
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 28 November 2021 is
deferred into shares for three years and is also subject to a two-year holding
period on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 23,626
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 23,626 £
0
.
0
0
e) Date of the transaction 17 March 2022
f) Place of the transaction Outside a regulated market
Further information concerning each Director's other interests in shares and
share schemes are set out in the Company's annual report and accounts for the
52 weeks ended 28 November 2021, except as otherwise amended by a subsequent
announcement.
This announcement is made in accordance with Article 19 of the Market Abuse
Regulation and the Disclosure Guidance and Transparency Rules.
Person responsible for arranging the release of this announcement:
Robert Cooper
Deputy Company Secretary
Ocado Group plc
Buildings One & Two Trident Place
Mosquito Way
Hatfield
Hertfordshire
AL10 9UL
Fax: +44 (0)1707 227997
email: company.secretary@ocado.com (mailto:company.secretary@ocado.com)
Ocado Group plc LEI: 213800LO8F61YB8MBC74
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